Knowing how to take control of your credit card bill is an important life skill, and as it turns out, women are better at it than men.
In a new survey of 2,031 Australians, most women said theyd start to worry about their credit cards once the debt reached $3,605.
Men said they wouldnt worry until their balance hit $4,999, on average.
Men on average carry $3,365 in debt on their cards, which is 31 per cent more than women who on average carry $2,567.
Across the board, Australians are paying off more of their credit card debt.
In fact, a finder.com.au analysis of Reserve Bank of Australia data found the average credit card balance accruing interest has dropped by 20 per cent in the past five years.
The research shows in May …
Read the full article at: https://www.financy.com.au/women-better-at-crushing-credit-card-debt/